COMPILED CODE - Iowa Legislature - State of Iowa

411
Tit. XXIÎI, Ch. 12. CEMETERY FUNDS. § 6501.
6 manage and-control same under the direction of the court ; but he shall
7 not be authorized to receive any gift, except with the understanding
8 that the principal sum is to remain and be a permanent fund, and
9 only the net proceeds therefrom to be used in carrying out the pur-
10 pose of the trust created, and all such funds shall be exempt from
11 taxation so far as consistent with the regulations governing the asso-
12 ciation owning or controlling the ground where the lot is located.
13 Such petition may state the amount proposed to be placed in such
14 trust fund, the manner of investment thereof, and may make provi-
15 sions for disposition of any surplus of income not required for the cur-
16 rent care and upkeep of the property described in said petition, and
17 for reasonable compensation of the trustee, all of which provisions
18 must be approved by said court, and such fund and the trustee shall at
19 all times be subject to the order and control of said court, and such
20 surplus shall not be used except for charitable, eleemosynary or public
21 purposes.
[S., '13, § 254-a4; 39 G. A., ch. 276, § 1.]
SEC. 6501. Taking property by gift or bequest—how administered—tax
for maintenance of institutions so established.
1 Counties, cities, towns, civil townships wholly outside of any city
2 or incorporated town, and school corporations, are authorized to take
3 and hold property, real and personal, derived by gifts and bequests;
4 and to administer the same through their proper officers in pursuance
5 of the terms of the gift or bequest ; and when made for the establish-
6 ing of institutions of learning or benevolence, and there is no provi-
7 sion made in the gift or bequest for the execution of the trust, the
8 court having charge of the probate proceedings in the county shall
9 appoint three trustees, residents of said county, who shall have charge
10 and control of the same, and who shall continue to act until removed
11 by the court. And they shall give bond as required in case of execu-
12 tors, to be approved in the same manner as in case of executors' bonds,
13 and said trustees shall be subject to the orders of said court.
14 When any county, city, or town shall receive by gift or devise,
15 property, real or personal, for the purpose of establishing any institu-
16 tion of benevolence including hospitals, and no sufficient fund or en-
17 dowment is provided for its maintenance, or when any such municipal-
18 ity shall receive by gift or devise property, real or personal, for either
19 of said purposes, upon condition that the donee or devisee provide for
20 aiding the maintenance of such institution by a tax levy upon the
21 assessed property of such municipality, as may be done under the pro-
22 visions of this section, it shall be the duty of the governing board of
23 such municipality to submit by resolution to the qualified electors
24 thereof at a regular or special election the question whether there shall
25 be levied upon the assessed property of such municipality an annual tax
26 not exceeding three mills on the dollar for the purpose of aiding the
27 maintenance of such institution.
28 The said proposition shall be.submitted in the manner provided
29 for similar propositions in the title on elections. If a majority of the
30 votes cast at such election on the proposition so submitted shall be in
31 favor of the proposition for taxation the governing board of such muni-
32 cipality shall determine the amount to be levied for such purpose, not
33 exceeding three mills on the dollar, and the amount so fixed shall be
34 levied upon the assessed property of such municipality and collected in